The Deals are in Condos

Houses are still...very...expensive. There are still multiple offers. There are still hardly any contingencies. The talk about sellers agreeing to buy down your mortgage--largely isn't happening in LA. It's still a seller's market for single family homes.

Condos, however, are still not caught up to SFRs in terms of price or bidding activity. You are still able to get deals on condos. And the amazing thing is that condo rentals are thriving. Rents are high with condos right now, well up from pre-pandemic levels especially if the condo has some amenities, parking, etc. Which is why cash investors are coming out of the woodwork.